Sainsbury’s Internet Saver is the only instant or easy access savings account to consistently pay equal to or above the base rate since January 2005*
Sainsbury’s Internet Saver is awarded new 36-month consistency ranking by Moneyfacts**
New analysis* commissioned by Sainsbury’s Finance reveals that its Internet Saver is the only instant or easy access savings account in the marketplace that has consistently paid above the Bank of England base rate on a balance of £1 in each and every month since January 2005. Indeed no other account can come close to matching Sainsbury’s Internet Saver’s record for consistency over this period, with no other account able to claim that their interest rate even consistently equalled (at least) the base rate during this time.
Unlike many other top paying savings accounts, the Sainsbury’s Internet Saver does not rely on short term bonuses and accepts deposits from as little as £1 with no restrictions or penalties for accessing your money.
Since its launch in January 2005 Sainsbury’s Internet Saver has consistently paid a competitive rate, and was ranked number one easy access internet savings account by Moneyfacts(1) in its new 36-month consistency rankings, Trust It award, which tracks the rates paid by savings accounts for the past three years.
Further market analysis by Defaqto(1) reveals that Sainsbury’s Internet Saver is the only instant or easy access savings account generally available to adults that has consistently paid a gross AER interest rate on a balance of £1 that is equal to or above the Bank of England base rate in each and every month since January 2005.
Neil Cameron, Savings Manager, Sainsbury’s Finance, comments: "The savings market is changing all the time with leading rates available today which might not be so attractive tomorrow, so rather than having to watch your savings like a hawk, we advise savers to make sure that they have their money in an account that consistently offers an attractive rate. We are proud of our Internet Saver’s track record for offering consistently attractive rates and of having that independently recognised by Moneyfacts with their Trust It award."
* Defaqto analysis (April 2008)
** Moneyfacts (April 2008)